I hope you all are doing well.

The previous owners invested over $12M into building it between 2009-2012 but then left it vacant for years, allowing it to naturally age.

Quote from @Thomas McPherson: Hi all, my name is Thomas. 

Thank you all very much!

We then logged all three parcels for a total of $70,000 in logging profits.

Without rent credits, the seller retains all rental income, but the deal might be less enticing to buyers. 

We then logged all three parcels for a total of $70,000 in logging profits.

Note that this very different from a blind pool fund where you invest in all deals in the fund.

Now the Tenant Buyers / or Wrap Around Note payors are REFINANCING and getting ALL new financing which means the underlying Note which we took over SUBJECT 2 is being PAID OFF in FULL.

Most CPA will say they work with investors who own real estate all the time and that is probably technically true because so many people do have one or two properties, but that doesn't mean they treat their properties like investors, nor do those CPAs necessarily know how to take advantage of real estate tax rules.